JSW Energy Boosts Renewable Portfolio with Second 80 MW Unit at Kutehr Hydro Plant

2 min read     Updated on 06 Aug 2025, 12:52 PM
scanxBy ScanX News Team
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Overview

JSW Energy has commissioned the second 80 MW unit of its 240 MW Kutehr hydroelectric power plant in Himachal Pradesh, bringing the total commissioned capacity to 160 MW. Power dispatch to Haryana has begun under a 35-year agreement with Haryana Power Purchase Centre at ₹4.50 per kilowatt-hour. The company's installed hydro capacity has increased to 1,551 MW, with renewable energy now comprising 56% of its total portfolio. JSW Energy aims to achieve 30 GW generation capacity by 2030 and carbon neutrality by 2050. The market responded positively, with the company's shares trading 2.15% higher on the BSE.

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*this image is generated using AI for illustrative purposes only.

JSW Energy , a leading private sector power producer in India, has achieved a significant milestone in its renewable energy expansion strategy. The company recently commissioned the second 80 MW unit of its 240 MW Kutehr hydroelectric power plant in Himachal Pradesh's Chamba district, bringing the total commissioned capacity at the site to 160 MW.

Project Highlights

Aspect Detail
Location Chamba district, Himachal Pradesh
Total Planned Capacity 240 MW (3 x 80 MW units)
Current Commissioned Capacity 160 MW
Power Purchase Agreement 35-year agreement with Haryana Power Purchase Centre
Tariff ₹4.50 per kilowatt-hour

Operational Progress

JSW Energy has begun power dispatch from the newly commissioned 160 MW capacity to Haryana, marking a crucial step in the project's development. The company expects to commission the final 80 MW unit shortly, which will bring the Kutehr plant to its full capacity of 240 MW.

Strategic Importance

This addition is part of JSW Energy's broader strategy to expand its renewable energy portfolio. With the commissioning of the second unit at Kutehr, the company's installed hydro capacity has increased to 1,551 MW. Notably, renewable energy now comprises 56% of JSW Energy's total portfolio, which includes:

  • 2,157 MW of solar capacity
  • 3,562 MW of wind capacity

Long-term Power Purchase Agreement

The entire 240 MW output from the Kutehr plant is secured under a 35-year Power Purchase Agreement with the Haryana Power Purchase Centre. This long-term agreement provides stability and predictability to the project's revenue stream.

JSW Energy's Growth Trajectory

JSW Energy has set ambitious targets for its future growth:

  • Total Locked-in Generation Capacity: 30.3 GW
    • 12.9 GW operational
    • 12.8 GW under construction
  • 2030 Target: 30 GW generation capacity and 40 GWh of energy storage capacity
  • Long-term Goal: Achieve Carbon Neutrality by 2050

Market Response

The market responded positively to this development, with JSW Energy's shares trading 2.15% higher at ₹525.90 on the Bombay Stock Exchange (BSE).

Management Commentary

Sharad Mahendra, Joint Managing Director and CEO of JSW Energy, expressed pride in the project's progress, stating, "We are proud to inform the successful commissioning of the second 80 MW unit of the Kutehr Hydroelectric Power Plant taking the commissioned capacity to 160 MW. We expect the last unit to be commissioned soon. The timing helps us to capitalise on high water inflows during the peak generation season and reinforces our strong project execution capabilities."

As JSW Energy continues to expand its renewable energy footprint, the Kutehr hydroelectric project represents a significant step towards the company's goal of achieving a more sustainable and diverse power generation portfolio.

Historical Stock Returns for JSW Energy

1 Day5 Days1 Month6 Months1 Year5 Years
-0.68%+1.43%+4.79%+8.06%-21.85%+1,071.16%
JSW Energy
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JSW Energy Shares Surge 7% on Hydro Project Progress and Strong Q1 Performance

2 min read     Updated on 05 Aug 2025, 12:10 PM
scanxBy ScanX News Team
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Overview

JSW Energy's stock rose 7.1% over two sessions, reaching Rs 548.05. The company commissioned the first 80 MW unit of its Kutehr Hydro Project and synchronized the second unit. Q1 FY2024 results showed significant growth with net profit up 42.4% to Rs 743 crore and revenue increasing 78.6% to Rs 5,143 crore. JSW Energy expanded its capacity by 70% to 12,768 MW and acquired a majority stake in KSK Water Infrastructures. The company aims for 30 GW generation capacity by FY2030.

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*this image is generated using AI for illustrative purposes only.

JSW Energy , a leading private sector power producer in India, saw its shares climb 7.1% over two trading sessions, reaching an intraday high of Rs 548.05. The rally was fueled by positive developments in the company's hydro project and robust quarterly results.

Hydro Project Milestone

JSW Energy announced the commissioning of the first 80 MW unit of its 240 MW Kutehr Hydro Electric Project in Himachal Pradesh. The company has already begun supplying power under an agreement with Haryana Power Purchase Centre. Additionally, the second 80 MW unit has been synchronized with the grid and is currently undergoing testing, signaling further progress in the project's development.

Strong Q1 FY2024 Performance

The company reported impressive financial results for the first quarter of the fiscal year 2024:

Metric Q1 FY2024 YoY Change
Consolidated Net Profit 743.00 ↑ 42.4%
Revenue 5,143.00 ↑ 78.6%
EBITDA 2,789.00 Nearly doubled
Operating Margins 54.2% Improved

JSW Energy's performance was marked by significant growth across key financial indicators, reflecting the company's strong operational execution and expanding capacity.

Capacity Expansion

During the quarter, JSW Energy commissioned 1,893 MW of new capacity, increasing its total installed capacity by 70% to 12,768 MW. This substantial growth aligns with the company's ambitious target of reaching 30 GW of generation capacity by FY2030.

Strategic Acquisition

In a recent development, JSW Energy acquired a majority stake in KSK Water Infrastructures Private Limited (KWIPL). This strategic move involved a settlement amount of Rs 962.00 crore paid to KWIPL's lenders. The acquisition gives JSW Energy a 51% equity stake in KWIPL, which provides critical water infrastructure services to KSK Mahanadi Power Company Limited (KMPCL), a 3,600 MW thermal power plant in Chhattisgarh.

This acquisition is expected to enhance operational control and efficiency in managing water supply to the KSK Thermal Plant, thereby improving reliability and reducing dependency risks for this crucial input.

Future Outlook

JSW Energy continues to make strides towards its goal of achieving 30 GW generation capacity and 40 GWh of energy storage capacity by FY 2030. The company currently has 12.9 GW of capacity under construction across thermal and renewable projects, with an additional pipeline of 4.6 GW.

Despite the recent gains, it's worth noting that JSW Energy's shares remain down 15.4% year-to-date and 20.4% over the past 12 months, indicating potential room for recovery as the company executes its growth strategy.

As JSW Energy progresses with its expansion plans and strategic acquisitions, investors will be closely watching the company's ability to capitalize on India's growing energy demands while navigating the evolving landscape of the power sector.

Historical Stock Returns for JSW Energy

1 Day5 Days1 Month6 Months1 Year5 Years
-0.68%+1.43%+4.79%+8.06%-21.85%+1,071.16%
JSW Energy
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